The LaFlamme Group Powered by Movement Mortgage

The market is now pricing in a 100% chance of 125bps in rate cuts by January (63% that it happens by December).

IT'S JOBS WEEK!!!!!

JOLTs tomorrow; we've been steadily declining all year, and have a pretty low expected number, giving us a high bar to beat.

Period Release Date Actual JOLTs number
May 7/2/24 8.14M
Apr 6/4/24 8.059M
Mar 5/1/24 8.488M
Feb 4/2/24 8.756M
Jan 3/6/24 8.863M

A number that starts with a 7 would be GREAT for rates! Helping us continue this nice, easy, downward trend we've been on

2 in 5 new mortgages issued last year went to buyers under 35, and 27% went to buyers aged 35-44.

Young people (I'm 42, and I still want to be 'young people') take out the majority of mortgages because they’re of prime homebuying age; gaining financial stability and growing their families. Plus, they’re less likely than geezers to pay cash.

Our little team at The LaFlamme Group has taken OVER 250 MORTGAGE APPLICATIONS SO FAR THIS YEAR - in a year where mortgage applications are at 30-year lows!

Want to know how to reach these whippersnappers?

Well then have I got the class for you! Save your Zoom seat before it's too late!

Tuesday the 9th! Snacks and drinks provided!

(By you - cuz you'll be at your own home/office, dummy)

NextGen HomeBuyers How to pivot and thrive in a changing real estate market

The great thing about a quality CRM is that it keeps you organized.

The worst thing about a quality CRM is that it keeps you organized.

Only 127 more calls to make, today.

This is fine, I am fine.

STOP SCROLLING.

We will be holding a training on this next week! Drop an 'In' in the comments if you want to learn about this!

We just got done with a training yesterday about a brand new Down Payment Assistance program that is scheduled to launch in July.

🔑 The Covenant Homeownership Program Provides: 🔑

💰 Up to 20% in down-payment assistance + closing costs!💰

🤯 Down-payment assistance is offered at 0% interest and has the same terms as the Housing Finance Commission's Home Advantage 2nd.🤯

This program will provide down-payment and closing cost assistance for first-time homebuyers excluded from homeownership by racially restrictive covenants. These costs are often a significant barrier to homeownership.

✔️Household income at or below 100% of the Area Median Income.

✔️ First-time homebuyer.

✔️ Washington state resident who was a resident before the enactment of the Federal Fair Housing Act and was, or would have been, excluded from homeownership in Washington state by a racially restrictive covenant on or before April 1968; or a descendant of the resident outlined above.

Posted in our exclusive FB group, but this is something everyone in our business should know, and everyone looking into purchasing real estate soon should know:

HUGE Next two weeks for rates.

*REACH OUT TO YOUR DATABASE OF BUYERS AND MAKE SURE THEY'RE READY*

Today - ISM Manufacturing PMI (don't worry about what it means) came in positive for rates.
Tomorrow - JOLTS (If you've been in here for any amount of time, you know how important this is). Stands for Job Openings and Labor Turnover Survey. The market expects 8.34mm - a number lower than that and rates will rally.

Wednesday - ISM Non-Manufacturing PMI (again, don't worry about what it means)

Wednesday - S&P Global Services PMI (less important than ISM, but still important)

Thursday - Challengar Layoffs (this is hit or miss as far as market reactions go the last several months.

Friday - Non-Farms Payroll (If you're in here and DON'T know why this is important, see me after class).

Next week - CPI AND THE FED MEETING

Met a couple two weeks ago at our First-Time Homebuyer Class.

Today they are homeowners.

Want to see what's possible for you?

The LaFlamme Group | Instagram, Facebook | Linktree Bryan LaFlamme: NMLS # 396723 Ashley Williams: NMLS #1381329

Coming up on Tuesday!!!

How to Help MORE Buyers and Sellers in This Market!

We're going to go over our entire suite of Renovation Loan Products:

- FHA (Of Course)
- Conventional (Huh?)
- Conventional - INVESTMENT (You heard that right when you read it out loud)
- VA (Let's hear it for the vets!)
- USDA (Where's the Beef?!)

We'll also cover how to market to sellers to get MORE listings! How to utilize this, in light of the NAR Settlement, to nail your Buyer Consults.

And MORE!

Click the link in the video!

How To Help MORE Buyers and Sellers With Rehab Loans! How To Help MORE Buyers and Sellers With Rehab Loans!

The Fed only started targeting 2% in 1996, and never publicly stated it until 2012.

I think people think The Fed has always had a 2% target, or that there is some grand economic reason behind their target. They haven't and their isn't.

The reason for 2% - which came about after much debate, under Greenspan - is purely expectation management; not only in managing actual inflation, but also in shaping inflation expectations. This preemption allows the Fed to move to combat expectations as opposed to being reactionary. By setting a target, they can continually explain their policy decisions in relation to that target.

All that to say that the number is tertiary to the purpose and policy. For the people saying the Fed should raise their target to 3%, do you think that would magically bring buyers into the Bond market? Or, would the Fed lose even more credibility by moving the goal posts in the middle of the game?

It makes no sense. Change the target rate now and the market will never believe you again.

[On the phone with a pre-approved client, going over the website we built for him with his mortgage options. ]

He asks about refinancing in the future, if/when rates come down, and whether or not my team and I would handle that.

I go into my standard, "I'll be watching the market for you and when the time is right, I'll reach out right away. You guys should also probably know upfront that, when you sign your closing documents, buried deep in there is a 'Friendship Contract.' We've had that taken to court and the judge was very clear that the 'No Takesy-Backsey' clause is iron clad! So, we're gonna be friends for life, and you're going to be hearing from me a lot after you guys close on your house"

HIs response: "I actually think it's important to have boundaries with the people in my life."

-Pause-
-Pause-
-Pause-

I have never been shot down so well and so quickly by a client! 😂🤣🤣😂

* Treasury Refunding Announcement
* Possible Quantitative Tightening Tapering (as if that means anything with liquidity nearly at the same levels as they were during QE w/ the use of RRP and TGF)
* Jobs Week (JOTLS, ADP, NFP) Post-Inflation Stagnation
* Possible BOJ Intervention (Japan is one of the LARGEST holder of Treasuries)
* Bank Failures and The Contagion of the Commercial-Banking/Regional Bank Crisis

HUGE week for rates and I'll break it all down later this week in The Inner Circle!

From the moment Powell said, 'I don't need to see better inflation numbers, just continued good readings.' inflation has moved up.

For the past three months, Powell has said, 'We didn't ever expect a straight line down, these bumps in the road do not affect our policy outlook.'

Now, he is saying, 'If higher inflation persists, we can keep our current rate as longa s necessary.'

So, yeah; once again, the Fed either acted too late or spoke too early.

Rate movements have your buyers scared to get out shopping?

Have we got the thing for you!

Your buyers can shop with confidence and ditch the ups and downs with Lock & Shop. This program allows qualified buyers to lock in a rate BEFORE they start shopping!

Tired of renting? Join us virtually for FREE and take the first step toward home ownership!
We will empower you with knowledge by answering the most common questions home buyers have.
~ How much do I need for a down payment?
~ Is it better to own a house or rent?
~ What kind of financing is available if I'm a first time home buyer?
~ What other costs are involved in buying a house?
~ How long does the whole process take?
Contact your hosts for details!!!
Jesse Savage| 206.249.3406
[email protected]
The LaFlamme Group Powered by Movement Mortgage | NMLS # 396723 | 253.863.4964
[email protected]

If you have your own down payment set aside you are ahead of the game!

Fact of the matter is, there are a wide range of loan products offered that will help or pay the entire down payment that is needed for your specific purchase.

Every month, The LaFlamme Group Powered by Movement Mortgage and I facilitate a class that gives you all this info and more.

If homebuying is apart of your resolution for the new year, talk to me today, we may "Change Your Narrative" sooner than you think!!

🎉📚 Class Tomorrow!! - How to Get More Listings in a Low Inventory Environment 🏡💪

Hey folks! Ready to kick off the New Year with a bang? 🎇 Let's make 2023 go out in style and set ourselves up for an absolutely stellar 2024! 💥

Join us tomorrow for an exclusive class that will show you how to conquer the low inventory environment and secure more listings than ever before. 🏡✨ As rates potentially decrease, it's the perfect time to seize the opportunity and make next year your best yet. 💼🚀

Learn all the insider tips and tricks from industry experts who have cracked the code on snagging listings when they seem impossible to find. 🕵️‍♀️💼 Discover innovative strategies, out-of-the-box thinking, and proven techniques that'll give you the upper hand in this competitive market. 💡💼

Don't let low inventory hold you back from reaching your goals! 🔐✅ Sign up now and get ready to dominate 2024 like a real estate rockstar! 💥🌟 Click here https://fb.me/e/Ux3A1WB0 to secure your spot today!

Remember, new year, new opportunities! Let's make 2024 our best year yet by getting more listings and making our mark in this low inventory environment. 📈💼

See you there! 👋✨

It’s Fall! You know what that means. Come and see us, win prizes, get free pumpkins, and so much more!

This SATURDAY September 16th @ 10AM!!!!!

Join myself and The LaFlamme Group Powered by Movement Mortgage for a first time homebuyers class!! This is your chance to learn the basics about homebuying and qualify yourself for down payment assistance programs if needed!!

This class is for you, if youve already decided to or thinking about "Changing Your Narrative" from renting to owning!! All on zoom!!

Hit me up if you will like further details!!!

Here is a look at the 2022-2023 housing market crash predicted by all the experts.

Of course, if you’re in our FB group - The Inner Circle - these numbers don’t surprise you at all.

Thank god I’m not an expert.

Home prices continue to rise - with an annualized rate of around 10% - all while interest rates are at decade-long highs.

Before CoreLogic’s July home value report came out today, we dived deep into why this is over in The Inner Circle.

What did you lock in at, peasant?

First-time home buyers class coming up on Saturday!

Exciting things are happening in the market!!

Work with The LaFlamme Group and your loan could be closed by the end of this sentence…

📣HOT OFF THE PRESSES📣

announced a new down payment assistance program for !

Reach out for details or to schedule a homebuyer class!